forwardloop
21 Jul 2016
improved numbers in the second half? [link]
Petra53
13 Jul 2016
A Taste It's still risky, for sure, tightfist... don't forget the 'Russian' factor (which is hopefully starting to ease a tad now) as well...Main risks IMHO:- Price of Gold- Debt- IRC (and price of Iron Ore)- Potential 30% dilution on the horizon with the AZ deal- Political risks/instability, due to operating in Russia (e.g. sanctions, Ukraine, NATO and ex-soviet block countries etc. etc. etc.)- Large business, with many separate (including geographically speaking) facetsFinancial calendar for the rest of the year:Financial Calendar 2016H1 Trading Update19 July 2016H1 Results & Q3 Current Trading28 September 2016See: [link] [link] ordinary shares for Deferred Bonus Awards: these started trading already on 10th May 2016.2. There's also potential for the current bondholders to convert their bonds into shares.The bonds are due to be redeemed by POG on 18th March 2020; and they pay a 9% coupon per annum quarterly, in arrears, on 18 March, 18 June, 18 September and 18 December.Bondholders can convert as follows (see page numbers 1 to 5 within the .pdf below):"Conversion Rights may be exercised during the period from 28 April 2015 and ending on and including the earliest to occur of:ï‚· the close of business on the sixth business day prior to the Final Maturity Date [18th March 2020];ï‚· if the Bonds shall have been called for redemption by the Issuer before the Final Maturity Date, the close of business on the sixth business day before the date fixed for redemption; orï‚· if a Bondholder has given notice requiring its redemption in accordance with the Conditions, the close of business on the day prior to giving such notice; andï‚· the giving of notice of an Event of Default by the Trusteeetc."Bondholders tend IMHO (but are not guaranteed) to hold the bonds and collect the coupon (interest). We all know what happened with the last set of bonds (bondholders played hard ball close to the maturity date; necessitating last years restructuring). (However, the new bonds are stated in the .pdf below as being: "senior, unsubordinated, direct, unconditional and (subject to Condition 3) unsecured obligations of the Issuer and rank pari passu without preference among themselves." Whether or not that offers us PIs a bit more protection from the bondholders next time around, near the maturity date, remains to be seen).See this .pdf for the T&Cs on the 2020 bonds: [link] finally then there's the potential 30.3% dilution with the AZ deal: involving issuing 1,434,303,624 new shares to the 'Contributors' (basically Mr Musa Bazhaev and his associates). This deal needs shareholders to vote on it, as Wallywoo says, so we don't yet know if it will go ahead and when the new shares might be issued. If it does go ahead, we also don't know if Mr Bazhaev will sell the shares, transfer them to another party or hold onto them etc.See these links:[link]
mozartprodigy
12 Jul 2016
Re: Old timer... Is it time to come back aga... Welcome back - I remember you. I lost interest in this company and am down some 90%. We had massive dilution on this and the rights issue was priced at 5p per share. I cant tell you much other than that im afraid
Paitech
12 Jul 2016
Old timer... Is it time to come back again? hello all, If anyone remembers me, I did close out my POG before restructuring, closing my position at 165p I think... taking a hit of 34K £ loss. Now , I am not sure if this is a right time to get back in? I have tried to read and understand many forum on POG, but can any long timer assist me on this please. Why the sp has fallen from 9p to current price and is it better to get in before the deal? New addition of 1.4 billion shares, would that reduce the sp by 30%? Any help much appreciated. ThanksG
sootmeistre
08 Jul 2016
the hedge pog was hedging gold at 1160/oz that should've come to an end n they can now get the full wack!
shugg1e
08 Jul 2016
Re: Leave Gold Price They may end up doing a 1 for 10 consolidation as there are currently 3 billion shares in issue.
shugg1e
08 Jul 2016
Re: Leave Gold Price Should be 15-20p now with current gold price and the small market cap
greymonk
08 Jul 2016
Re: Leave Gold Price There was first the 15.5 for 1 rights issue at 5p and the also approx 1 for 2 dilutive purchase of Amur Zoloto with shares issued at 6.89p. so you now have 23 shares in issue for every one that was in issue prior to 2014 - on that basis a share price of £9 then is equivalent to around 40 odd pence now. A bit optimistic but not unrealistic if the gold price keeps going northwards steadily
sootmeistre
07 Jul 2016
Re: Leave Gold Price looking at the old price of £9 and i think its been £18 years ago.. but with the figure of £9 a prorata sp would be 50p but theres also been a decrease in debt ... si if things continue ie gold goes up then 50p looks possible
S R Green
07 Jul 2016
Re: Leave Gold Price Sorry typically thought of a caveat after posting that and it wouldn't let me edit:That is of course all based on the assumption that the gold price does not decli
S R Green
07 Jul 2016
Re: Leave Gold Price Worth mentioning though that while the share price was £9 the shares have been very heavily diluted since then, so that price isn't going to happen (barring inflation or the gold price really going insane).However the fundamentals side is worth looking at (thanks for raising it) as (and this goes for most gold stocks) the last couple of years POG has had to post large accounting losses due the the drop in gold and it having a very negative effect on asset values etc. This should now be reversed and they should be booking large profits with gold having recovered and that should really get the price moving.
scruffee
07 Jul 2016
7p seems a bit Churlish ... The Bots still in control ??? ............................... Best Wishes.x
sootmeistre
07 Jul 2016
Re: Leave Gold Price let me ask you this.. what do you reckon the sp could be..??
shugg1e
07 Jul 2016
Re: Leave Gold Price That is a bit outdated try this presentation from April this year and was based on last years results and gold price[link] price is now well over $1300 so thats a good return per oz
